Australian Energy Market Operator

AEMO operates Australia's National Electricity Market (NEM), the interconnected power system in Australia’s eastern and south-eastern seaboard, and the Wholesale Electricity Market (WEM) and power system in Western Australia.

AEMO operates gas retail markets in New South Wales and the Australian Capital Territory, Queensland, South Australia, Victoria, and Western Australia. AEMO also operates wholesale gas markets in south-eastern Australia, those being the Declared Wholesale Gas Market in Victoria (DWGM), the Short Term Trading Market in Adelaide, Brisbane and Sydney (STTM), and the Gas Supply Hub (GSH), whose trading locations are based at Wallumbilla in Queensland, and Moomba in South Australia. AEMO also operates the Natural Gas Services Bulletin Board (GBB), and is system operator of the Victorian Gas Declared Transmission System. AEMO is also responsible for Gas Services Information functions in Western Australia.

Consultation on proposed amendments to the Procedures for the Exercise of Reliability and Emergency Reserve Trader (RERT)

On 21 June 2018, the Australian Energy Market Commission (AEMC) made a final rule which reinstates the long-notice RERT from 13 July 2018. This rule change increases the lead time available for AEMO to procure out-of-market reserves through RERT from 10 weeks to 9 months ahead of a projected shortfall.

The rule change determination requires AEMO to consult on proposed amendments to the Procedures for the Exercise of Reliability and Emergency Reserve Trader (the Procedures) for a minimum of 2 weeks, prior to publishing the amended procedures on 13 July.

Notice of Consultation

National electricity Rules - Rule 11.107.3

Date of notice: 22 June 2018

This notice informs all Registered Participants and interested parties (Consulted Persons) that AEMO is commencing consultation on amendments to the Procedures for the Exercise of Reliability and Emergency Reserve Trader. This consultation is being conducted under Rule 11.107.3 of the National Electricity Rules (NER).

Invitation to make Submissions

AEMO invites written submissions on the Draft Procedures.

Please identify any parts of your submission that you wish to remain confidential, and explain why. AEMO may still publish that information if it does not consider it to be confidential, but will consult with you before doing so.

Consulted Persons should note that material identified as confidential may be given less weight in the decision-making process than material that is published.

Closing Date and Time

Submissions in response to this Notice of Consultation should be emailed to reach AEMO by 4.00pm (Melbourne time) on 9 July 2018.

All submissions must be forwarded in electronic format (both pdf and Word). Please send any queries about this consultation to the same email address.

AEMO is not obliged to consider any submissions received after the closing date and time.

Publication

All submissions will be published on AEMO’s website, other than confidential content.